Promoter Group Entity Buys 32 Lakh Shares of Zee Media Worth Rs 49 Cr; Full Details Here

Promoter Group Entity Buys 32 Lakh Shares of Zee Media Worth Rs 49 Cr; Full Details Here

On Thursday, the shares of Zee Media Corporation ended 0.41% higher on the BSE at Rs 14.56 per share with a market cap of Rs 910.62 Cr. After opening higher at Rs 14.57 the stock traded in an intraday high and low range of Rs 14.88 and Rs 14.47, respectively.

A noteworthy occurrence that may indicate a resurgence of confidence from its promoter group has occurred at Zee Media Corporation Limited. AUV Innovations LLP, a promoter group entity of the firm, acquired a sizeable 32 lakh equity shares of Zee Media in two different open market transactions, according to recent disclosures made with the National Stock Exchange (NSE) and BSE. On May 16 and May 19, 2025, the acquisitions were completed, resulting in the acquisition of 2.4 lakh and 29.6 lakh shares, respectively. The projected total investment, based on market pricing at the time of acquisition, is Rs 49 crore.

Regulations 7(1)(b) and 7(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, which require promoter companies to disclose insider trading activities, were followed in reporting these transactions. The promoter group’s stake in the company has grown by about 0.51% since the acquisitions, which is a definite indication of internal delight about the company’s growth ambitions.

Earlier this month, on May 5, Zee Media announced that its consolidated net loss for the fourth quarter ended March 2025 had increased to Rs 36.76 crore. According to a regulatory filing from Zee Media Corporation Ltd (ZMCL), the company experienced a net loss of Rs 6.51 crore during the January-March period of the previous fiscal year. In the March 2025 quarter, revenue from operations decreased 13% to Rs 155.80 crore, while total expenses were Rs 200.21 crore, rising 6.4% from the same period last year.

ZMCL’s advertising income dropped 13.5% to Rs 145.44 crore in Q4FY25. Additionally, its subscription revenue decreased 6.9% to Rs 10 crore. ZMCL’s loss increased from Rs 98.43 crore in the entire year FY24 to Rs 119.42 crore in FY25. At Rs 632.97 crore, total consolidated income went down by 4.53%.

In India, Zee Media Corporation Limited is one of the largest and most prominent news networks. In addition to four digital-only channels and other digital brands, it has a distinctive group of 20 TV news channels, including one global, four national, and eleven regional language networks.

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Original news source Credit: www.goodreturns.in

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